The Hanover Insurance Group (NYSE:THG) EVP Denise Lowsley Sells 1,619 Shares

The Hanover Insurance Group, Inc. (NYSE:THG) EVP Denise Lowsley sold 1,619 shares of the firm’s stock in a transaction dated Wednesday, November 12th. The stock was sold at an average price of $181.47, for a total value of $293,799.93. Following the completion of the sale, the executive vice president directly owned 3,511 shares in the company, valued at approximately $637,141.17. The trade was a 31.56% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.

The Hanover Insurance Group Trading Down 1.0%

Shares of NYSE THG traded down $1.85 during trading on Friday, hitting $180.39. 20,227 shares of the company traded hands, compared to its average volume of 240,424. The company has a 50-day moving average price of $176.90 and a 200-day moving average price of $171.81. The firm has a market capitalization of $6.42 billion, a P/E ratio of 10.43 and a beta of 0.44. The company has a quick ratio of 0.37, a current ratio of 0.37 and a debt-to-equity ratio of 0.11. The Hanover Insurance Group, Inc. has a 1 year low of $145.17 and a 1 year high of $186.46.

The Hanover Insurance Group (NYSE:THG) last issued its earnings results on Wednesday, October 29th. The insurance provider reported $5.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.79 by $1.30. The Hanover Insurance Group had a return on equity of 22.43% and a net margin of 9.71%.The business had revenue of $1.67 billion during the quarter, compared to analysts’ expectations of $1.72 billion. During the same quarter in the previous year, the business earned $3.05 EPS. The company’s revenue for the quarter was up 6.4% on a year-over-year basis. On average, equities analysts predict that The Hanover Insurance Group, Inc. will post 14.37 EPS for the current year.

The Hanover Insurance Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 26th. Shareholders of record on Friday, September 12th were given a $0.90 dividend. The ex-dividend date of this dividend was Friday, September 12th. This represents a $3.60 annualized dividend and a yield of 2.0%. The Hanover Insurance Group’s dividend payout ratio (DPR) is 20.82%.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in THG. Clearstead Trust LLC bought a new stake in The Hanover Insurance Group in the first quarter valued at $27,000. Clearstead Advisors LLC increased its holdings in shares of The Hanover Insurance Group by 300.0% in the 3rd quarter. Clearstead Advisors LLC now owns 200 shares of the insurance provider’s stock worth $36,000 after acquiring an additional 150 shares during the period. Steward Partners Investment Advisory LLC lifted its position in The Hanover Insurance Group by 56.6% in the 2nd quarter. Steward Partners Investment Advisory LLC now owns 224 shares of the insurance provider’s stock valued at $38,000 after purchasing an additional 81 shares during the last quarter. Ameritas Advisory Services LLC acquired a new position in The Hanover Insurance Group during the 2nd quarter valued at about $39,000. Finally, Abich Financial Wealth Management LLC acquired a new position in The Hanover Insurance Group during the 3rd quarter valued at about $43,000. 86.61% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts recently issued reports on THG shares. JMP Securities set a $205.00 price target on shares of The Hanover Insurance Group in a research note on Thursday, July 31st. Morgan Stanley lifted their target price on The Hanover Insurance Group from $185.00 to $190.00 and gave the stock an “equal weight” rating in a research report on Tuesday, October 7th. Keefe, Bruyette & Woods upped their price target on The Hanover Insurance Group from $198.00 to $200.00 and gave the company an “outperform” rating in a research report on Tuesday, November 4th. Weiss Ratings restated a “buy (b)” rating on shares of The Hanover Insurance Group in a research note on Wednesday, October 8th. Finally, Citigroup reiterated an “outperform” rating on shares of The Hanover Insurance Group in a research note on Thursday, July 31st. Six research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, The Hanover Insurance Group presently has a consensus rating of “Moderate Buy” and an average target price of $191.83.

About The Hanover Insurance Group

The Hanover Insurance Group, Inc, through its subsidiaries, provides various property and casualty insurance products and services in the United States. The company operates through four segments: Core Commercial, Specialty, Personal Lines, and Other. The Commercial Lines segment offers commercial multiple peril, commercial automobile, workers' compensation, and other commercial lines coverage.